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Power Grid Corporation of India FPO (Power Grid FPO) Detail

Dec 3, 2013 - Dec 6, 2013        

Incorporated in 1989, Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of India’s interstate and inter-regional electric power transmission system and carries electric power across India.

They are India's principal electric power transmission company. As on September 30, 2013 they owned and operated more than 90% of India’s ISTS which, inter-alia, includes interregional transmission links. They owned and operated 102,109 circuit kilometers of electrical transmission lines and 172 substations with a total transformation capacity of 172,378 MVA.

Objects of the Issue:

The object of the issue are to:

1. Carry out the disinvestment of 185,189,014 Equity Shares of 10 each by the Selling Shareholder.
2. Meet the capital requirements for the implementation of certain identified transmission projects ("Identified Projects"); and
3. General corporate purposes.

Issue Detail:

  »»  Issue Open: Dec 3, 2013 - Dec 6, 2013
  »»  Issue Type: 100% Book Built Issue FPO
  »»  Issue Size: 787,053,309 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 6,958.64 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs 85 - Rs 90 Per Equity Share
  »»  Market Lot: 150 Shares
  »»  Minimum Order Quantity: 150 Shares
  »»  Listing At: BSE, NSE

Power Grid Corporation of India Ltd FPO Tags:

Power Grid Corporation of India FPO, Power Grid FPO, PGCIL FPO Bidding, Power Grid FPO Allotment Status, Powergrid drhp and Power Grid Corporation of India Limited FPO listing.

Power Grid FPO Reviews:

  1. Power Grid Corporation of India FPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsTotal
Shares Offered / Reserved 392,026,655  117,607,996  274,418,658  3,000,000  787,053,309 
 Day 1 - Dec 3, 2013 17:00 IST 0.1100 0.0000 0.0000 0.0000 0.0600 
 Day 2 - Dec 4, 2013 17:00 IST 2.0100 0.0000 0.1600 0.1700 1.0600 
 Day 3 - Dec 5, 2013 17:00 IST 9.0900 0.1200 0.6500 0.4800 4.7700 
 Day 4 - Dec 6, 2013 17:00 IST 9.0900 9.7000 2.1700 1.3100 6.7400 

Power Grid FPO News Alerts

  1. Wednesday, December 18, 2013 7:51:07 AM
    FIPO Listing - Power Grid Corporation of India
  2. Tuesday, December 17, 2013 6:54:36 AM
    IPO Allotment - Power Grid Corporation of India
  3. Friday, December 6, 2013 12:19:07 PM
    Power Grid finally subscribed 6.74 times
  4. Thursday, December 5, 2013 7:37:11 AM
    Power Grid FPO fully subscribed on day 3
  5. Wednesday, December 4, 2013 8:54:47 AM
    Power Grid FPO subscribed 1.06 times on day 2
  6. Tuesday, December 3, 2013 9:19:00 AM
    Power Grid FPO subscribed 0.06 times on day 1
  7. Saturday, November 30, 2013 10:55:21 AM
    Power Grid Corporation fixes it's FPO price band
  8. Wednesday, November 27, 2013 9:21:37 AM
    Upcoming FPO - Power Grid Corporation of India

Power Grid FPO Rating

Rating:Rated 4.2 stars

Vote Here ...

Power Grid FPO Listing Date

Listing Date:Thursday, December 19, 2013
BSE Scrip Code:532898
Listing In:A / S&P BSE 100
Sector:Electric Utilities
Issue Price:Rs. 85.50 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

Power Grid FPO Prospectus

Company Contact Information

Registered Office :
    B-9, Qutab Institutional Area,
    Katwaria Sarai,
    New Delhi 110 016, India.
Phone: +91 (11) 2656 0112
Fax: +91 (11) 2656 4849

Power Grid FPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968

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Power Grid FPO Messages (Power Grid FPO Comments)

227. vikas sahu  Mar 4, 2014 4:21:35 PM IST |   Reply  |  vikas sahu's messages

tell me about it


226. Vineeta Gupta  Jan 5, 2014 6:56:22 AM IST |   Reply  |  Vineeta Gupta's messages

Hi I applied for 2100 shares of power grid by online CBI ASBA in the name of a family member, my application was rejected on technical grounds. I called up the Karvy customer service helpline and sent them an email. They said the reason was "APPLICATION WITH PAN MULTIPLE". That''s what was in the system, and they can''t do anything more, and the call centre person refused to let me talk to some manager.
I don''t understand, I submitted was ONLY ONE application with the correct PAN, and the PAN number matches with what is recorded with depository participant.
I checked online allotment status with the PAN, and it is showing details and allotment for some other person in Ahmedabad.
I have written to Karvy again, but not received any reply. Can some expert suggest what to do? Will complaining to SEBI help? Thanks, Vineeta


226.1. CLD  Jan 5, 2014 8:53:59 PM IST |  CLD's messages

It seems that same PAN no is being used by another person with the same name.
First u check up actual PAN details from UTI infrastructure technology & services ltd. Then only the issue can be resolved


226.2. Vineeta Gupta  Jan 6, 2014 9:57:10 AM IST |  Vineeta Gupta's messages

Hi Thanks for your reply. The name of the other investor who is alloted shares is different if I do a lookup of allotment by PAN number. As individual I cannot check from UTI infrastructure technology & services ltd. However the pan number I used is correct and several past IPO and FPO have been allotted to from this PAN and same DP Account and have filed income tax returns from this PAN for several years. Any suggestions would be welcome on how to proceed with this.


226.3. navfame  Jan 6, 2014 4:19:27 PM IST |  navfame's messages

Log in to Address the matter to sebi writing i am not getting proper response from Karvy peoples. Believe me karvy H.O will contact you & tell you the reason. Forget about manager :)


226.4. CLD  Jan 6, 2014 9:00:11 PM IST |  CLD's messages

Better way is to send E-mail to SEBI with a copy to Karvy.


226.5. SONMAYA  Jan 7, 2014 6:40:05 AM IST |  SONMAYA's messages

Do write to sebi they give give reply..." one such case here in Mumbai one applicant has got shares along with refund order."...............despite his amount of rs.192375/- is lying in his bank a/c..............that means he has got profit of rs.200000/- .......May be time being.....,,


226.6. Vineeta Gupta  Jan 8, 2014 4:14:05 PM IST |  Vineeta Gupta's messages

Thank you CLD, navfame, SONMAYA for your kind replies. Does any one have idea about the turnaround time of SEBI?


226.7. P Badala  Jan 11, 2014 7:04:46 PM IST |  P Badala's messages

It is adviseable that you send Email to SEBI along with Karvy and intimate To income tax authorities to check weather they have issued the subject PAN Number to Two persons once you know the answer,you can make out it is mistake by IT Depatement or some one is using freudently your PAN , second thing you may have entered your PAn correctly but there may be errer in uploading your detail though chances are remote. From income tax sight you can check the name of allottee of particular PAN.


225. AKBARI TANKAWALA  Jan 1, 2014 3:30:24 PM IST |   Reply  |  AKBARI TANKAWALA's messages



224. HARRY PANJABI  Dec 23, 2013 6:25:53 PM IST |   Reply  |  HARRY PANJABI's messages

I have been allotted full what I applied for. It''s yet to be credited to my DEMAT Account. I would like to know if these could be sold immediately or there is some time we need to keep and then sell.


224.1. CLD  Dec 23, 2013 9:16:23 PM IST |  CLD's messages

You can sell on the day or there after when shares are credited into D,mat


223. SUMIT RATHI  Dec 20, 2013 1:21:31 PM IST |   Reply  |  SUMIT RATHI's messages




223.1. karorpati SE lakhpati  Dec 20, 2013 11:45:32 PM IST |  karorpati SE lakhpati's messages

check ur demat. if u have shares, u got it, if not u have not. also see ur refund


222. kaushik patel  Dec 20, 2013 10:12:23 AM IST |   Reply  |  kaushik patel's messages



221. santonu  Dec 19, 2013 9:57:03 PM IST |   Reply  |  santonu's messages

Istead of OFS(Offer for sale) , stake sale should be done through FPO which gives chance to retail investor to earn something


220. SOMPRASH  Dec 19, 2013 5:36:36 PM IST |   Reply  |  SOMPRASH's messages

Coal India FPO is deffered for now.But expect FPO of Indian Oil in January.Best wishes for another PROFIT.


219. DEEPAK SHANI  Dec 19, 2013 4:26:48 PM IST |   Reply  |  DEEPAK SHANI's messages

Where is Mr. M Gupta, who say looted and kooted.......


218. tigersher  Dec 19, 2013 3:03:56 PM IST |   Reply  |  tigersher's messages

Now which ipo is next ?
any info on COAL INDIA FPO ?


217. tigersher  Dec 19, 2013 3:03:29 PM IST |   Reply  |  tigersher's messages

made profit in IPO, after v long time.
Congrats to all


216. Siddharh Singh  Dec 19, 2013 1:36:42 PM IST |   Reply  |  Siddharh Singh's messages

People who had sold in futures market expecting price to fall to 90 levels are buying today. All people who had applied are making money as the IPO was subscribed heavily by brokers who have cornered most of the shares. Stock is expected to do well till FNO expiry due on 26 Dec


215. MONEY HI MONEY  Dec 19, 2013 1:34:38 PM IST |   Reply  |  MONEY HI MONEY's messages

Ankur why don t you by put of -Rs97.50 hovering around 40.paisa /45/paisa you will make lot of money if power grid goes to 95 Rs,


214. Siddharh Singh  Dec 19, 2013 1:30:06 PM IST |   Reply  |  Siddharh Singh's messages

Sold 1029 share @ 101. I think it will go to 102 today.


214.1. anonymoues  Dec 19, 2013 2:41:53 PM IST |  anonymoues's messages

nai hua na 102? ab kal ke liye rakah he.kal bhi badh sakta he...


213. MONEY HI MONEY  Dec 19, 2013 12:34:59 PM IST |   Reply  |  MONEY HI MONEY's messages

look P GRID Crosses 100/ Rs mark sit tight,


212. MONEY HI MONEY  Dec 19, 2013 12:09:15 PM IST |   Reply  |  MONEY HI MONEY's messages

those who have not sold power grid fpo sh sit tight up to rs 115/ till Dec expiry,as i have not sold any shares,


212.1. Ankur Noida  Dec 19, 2013 12:55:24 PM IST |  Ankur Noida's messages

Those who smiles when stock is going north cries when stock is heading south. Brother book profits in small lots as F&0 OI shows expiry to be near 95 levels and not 115 levels


211. mehpra  Dec 19, 2013 10:00:49 AM IST |   Reply  |  mehpra's messages

Anyone received refund (i mean for non-ASBA applications)?


211.1. S.kumars  Dec 19, 2013 10:26:14 AM IST |  S.kumars's messages

I got yesterday morning non asba refund


211.2. karorpati SE lakhpati  Dec 19, 2013 4:18:38 PM IST |  karorpati SE lakhpati's messages

So there some monekys in share market who do not used ASBA. little surprised


211.3. S.kumars  Dec 19, 2013 5:28:23 PM IST |  S.kumars's messages

idbi bank unable to bid asba ,though me used asba in all good issue from idbi bank ,now planing to open new account at icici bank only due to asba,


210. KSK  Dec 19, 2013 9:52:13 AM IST |   Reply  |  KSK's messages



209. VALUE INVESTOR  Dec 19, 2013 9:00:31 AM IST |   Reply  |  VALUE INVESTOR's messages

I applied though i had bad experience with SCI FPO, Got 763 shares and made a cool profit of 9300Rs after brokerage. Made my day today...after long time i made profit in primary market...


208. S.kumars  Dec 19, 2013 8:53:49 AM IST |   Reply  |  S.kumars's messages

powergrid speciel dividend of rs.5/- next month,aam k aam ,guthaliyo k v daam ,great ,


208.1. friend  Dec 19, 2013 1:57:36 PM IST |  friend's messages

S Kumar,
from where did u get this info?


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